We break down the stocks Li Lu (Himalaya Capital) bought, sold, and held in Q1 2025, including their holdings at the end of the quarter. All data sourced from Himalaya Capital's 13F filed on May 15, 2025.
Who are Li Lu and Himalaya Capital?
Himalaya Capital Management is an investment firm founded in 1997 by Li Lu, a Tiananmen Square protest leader who became a renowned value investor and protégé of Charlie Munger. The firm embraces the value investment principles of Benjamin Graham, Warren Buffett, and Charles Munger, seeking superior returns through long-term ownership of high-quality companies with substantial economic moats. Li's disciplined approach focuses on businesses with enduring competitive advantages, growth potential, and trustworthy management teams, primarily in the U.S. and China.
Portfolio Changes in Q1 2025
New Positions
Himalaya Capital did not establish any new positions during Q1 2025.
Bought
The fund did not add to any existing positions in this quarter.
Sold
Himalaya Capital reduced its stake in Bank of America Corporation (BAC) by 4,234,500 shares, Alphabet Inc. (GOOG) by 592,700 shares, and Apple Inc. (AAPL) by 207,100 shares, while maintaining positions in Berkshire Hathaway Inc. (BRK-B), Alphabet Inc. (GOOGL), East West Bancorp, Inc. (EWBC), Occidental Petroleum Corporation (OXY), and Sable Offshore Corp. (SOC).
Holdings at the end of Q1 2025
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| BAC | Bank of America Corporation | 26.1% | Sold | $577,819,995,000 |
| BRK-B | Berkshire Hathaway Inc. | 21.6% | $478,123,162,000 | |
| GOOGL | Alphabet Inc. | 17.8% | $393,295,912,000 | |
| GOOG | Alphabet Inc. | 17.3% | Sold | $382,966,599,000 |
| EWBC | East West Bancorp, Inc. | 11.3% | $249,205,266,000 | |
| OXY | Occidental Petroleum Corporation | 3.3% | $72,386,440,000 | |
| SOC | Sable Offshore Corp. | 1.5% | $34,071,910,000 | |
| AAPL | Apple Inc. | 1.1% | Sold | $24,567,578,000 |
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